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Rates continue to rise through June, with the homeowners’ weighted average rate change coming in at 8% for the month, while auto rates increased by a significant 11.3%. -
Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The industry’s ROE is expected to reach 8% in 2023 and 9.5% in 2024, up from 2.5% in 2022.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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It is the first time since 1993 following Hurricane Andrew the association is selling these types of bonds, according to Bloomberg.
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California Insurance Commissioner Ricardo Lara was speaking about climate change's impact on insurance pricing at the Bermuda Climate Summit.
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Bruce Lucas added that the company is no longer pursuing a Series B round.
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The fundraising includes $80mn of convertible preferred equity, which closed on June 23rd, as well as $25mn of long-term debt financing for Hagerty Re.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Sources said the company decided to outsource its claims function to Sedgwick, a third-party administrator in which Stone Point Capital is a minority investor.
